Archive for July, 2008

As more people are staying put in their homes, rather than selling and moving to a bigger place, the basement is becoming a more important living area.

A recent survey says more people are remodeling this part of the home to make the most of every square inch of living space.

ServiceMagic.com, a company that connects home owners with pre-screened contractors, commissioned the survey. Results revealed that nationwide basement remodels rose 10 percent in the first six month of 2008 compared with the same period last year.

The most popular uses for the space are spa-like bathroom retreats, children’s playrooms, workout areas, billiard rooms, and home offices.

With an average cost of $40 to $60 per square foot – or a base price of about $35,000 – basement remodels are far more economical than an addition, says Laura Sanchez, director of internal operations at McStain Neighborhoods, a home builder in Colorado.

Source: The Denver Post, Sheba R. Wheeler (07/17/2008)

As more people are staying put in their homes, rather than selling and moving to a bigger place, the basement is becoming a more important living area.

A recent survey says more people are remodeling this part of the home to make the most of every square inch of living space.

ServiceMagic.com, a company that connects home owners with pre-screened contractors, commissioned the survey. Results revealed that nationwide basement remodels rose 10 percent in the first six month of 2008 compared with the same period last year.

The most popular uses for the space are spa-like bathroom retreats, children’s playrooms, workout areas, billiard rooms, and home offices.

With an average cost of $40 to $60 per square foot – or a base price of about $35,000 – basement remodels are far more economical than an addition, says Laura Sanchez, director of internal operations at McStain Neighborhoods, a home builder in Colorado.

Source: The Denver Post, Sheba R. Wheeler (07/17/2008)

In Las Vegas, where thousands of empty homes await buyers, many real estate practitioners are turning to professional stagers to prepare homes for sale and potentially generate more offers. But now there adapting a human twist.

Beyond just highlighting décor, some staging companies find house sitters, who pay anywhere from 25 percent to 50 percent of the monthly mortgage payment in exchange for temporary housing.

The presumption is that an occupied home is more likely to generate offers than a vacant property, say real estate professionals.

The staging company covers the costs of relocating the sitter, who must undergo criminal background checks and cannot smoke or have pets.

Source: KTNV 13 Las Vegas (07/05/2008)